Countrywide Financial Corporation

  • Bank of America Cutting Mortgage Principal

    By Kathleen McBride, AdvisorOne  |  March 25, 2010

    Certain mortgages will be eligible for "principal forgiveness," as a result of settlement with Massachusetts attorney general.

  • No Pity Party for Big Banks

    By Nancy R. Mandell  |  May 13, 2009

    Study finds predatory lending originated in the same banks that received bailouts. At least 21 of top 25 subprime lenders received bailouts through ownership, credit agreements or purchases of loans for securitization.

  • Panic Prevention

    By Karen Kroll  |  November 1, 2007

    If any economic environment could put the theory of the "rational economic man" to the test, surely this would be one. At the end of...

  • Moody's Lowers Countrywide Debt Rating

    By James J. Green, AdvisorOne  |  August 16, 2007

    Two days after the largest provider of home mortgages in the U.S., Countrywide Financial, announced that a full 1% of its home loans were in foreclosure, the company got more bad news on August 16 from a ratings agency. Moody's Investors Service downgraded the senior debt ratings of Countrywide Financial...